Tick chart trading

[ketmoney]

What are the best settings for tick chart, when using small time frame

[carcanaques]

	Quote:	ketmoney
	What are the best settings for tick chart, when using small time frame

Your question is redundant. A tick chart by definition is a small time frame. What are you trying to accomplish?

[mister ed]

The best setting is going to depend on what it is you are trying to achieve, such as what size moves you are looking for, what market(s) you are trading - stocks, futures, fx? What instruments are you trading within those markets - tick size vary vastly between YM and ES for example.

So, more information is needed, and at the end of the day you will make the decision based on your own observations and research.

[ketmoney]

	Quote:	ketmoney
	What are the best settings for tick chart, when using small time frame

If I am trading ES.

[mcichocki_]

	Quote:	ketmoney
	If I am trading ES.

You really just need to tinker with the setting till you get one that provides the most instances of your setup that end up profitable. Back testing along with forward testing is really the only way to get your answer. And if you don't have a setup yet that's the first step because to just trade on a whim or a chance will end up with you in the poor house. Get that setup with a nice risk to reward ratio and get testing.

On the YM for my setups I use 144 tick. The ES is usually about 10 times the volume so in theory 1440 tick would be best for me. Guess what, it doesn't match up so if I ever want to trade the ES I need to do my testing all over again.

[brownsfan019]

The settings for tick chart or volume based chart are dependent on YOU and YOUR preferences. Smaller number = quicker prints.

YOUR choice.

There's no right answer here.

[BlowFish]

Check out the selecting a time frame thread. Equally applicable to tick charts.

Cheers.

[ketmoney]

Thanks for insight. I am going to test different tick values and see wish settings work best with my setup.

[walterw]

Hi Ketmoney, I think you probably didnt get the answer you expected as it is a little too general... let me add my two cents here...

I like tick charts... actually on futures I trade YM and use 22T charts... thats because I do very fast trades... so you may want to experiment this numbers on tick charts as they are quite popular : 22 , 55 , 110 , 233... always I do have a 5 min chart for some aerial trend view... cheers Walter.

[ketmoney]

thanks very much